Small and Medium Enterprises (SMEs) have been affected by the lackof access to credit. But now, they are looking at ratings which would help them raise resources far more easily and efficiently, and increase their share in the economic growth.

Despite the non-availability of adequate capital—both domestic and international, difficulties in accessing the capital market, inadequate institutional assistance, traditional style of functioning, and reluctance to change, the number of registered and unregistered Small Scale Industries (SSIs) and their production value have been increasing in the past
five years. However, to meet the challenges arising out of globalization, boost the inflow of funds, and to generate more employment, Small and Medium Enterprises (SMEs) need to be modernized and upgraded.

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